Should You Downsize? Important Questions to Ask
Are you discovering you really don’t need all the space in your current home? If you’re an empty nester whose kids have all moved out of the house, you may find yourself thinking about downsizing your home. Or maybe you’re just someone who’s tired of the maintenance your large home requires.
Deciding to take your living space down a notch doesn’t mean you’re going the wrong way. Many people do it because it makes life more convenient and they can spend their time and money on something besides the old homestead. Here are few questions you should ask yourself before deciding to downsize.
Is My Current Home Becoming A Challenge To Maintain? -
If your house is taking up too much of your time and money, you may find the answer is simply a smaller home. If you don’t need the space, you don’t have to keep it. Finding a more manageable home is often just a matter of finding a smaller home. Do you spend all weekend mowing and cleaning the pool? A smaller yard and no pool means a lot less time spent on maintenance. And smaller house payments and property taxes free up income for other activities.
Can I Fit My Life Into A Smaller Home? -
Will moving into a smaller home cramp your style? Will your pets have enough room? How often do you host guests? What if a grown child needs to move back home? Or an elderly parent? These are just a few things to consider before committing to a smaller home. Really think about what you love the most about living in your current home and make sure you can live with the changes.
Careful Planning -
Remember that not all your current stuff is going to fit in a smaller home. What are you going to do with it? What about your overstuffed custom king sized bed? You may have to shell out some cash for newer, smaller stuff, so be prepared.
Thinking about selling your home yourself? Homes sold FSBO typically sell for less than homes listed with a Realtor. Working with a trusted real estate professional can help make sure your home is marketed to the right buyers to get the best price.
Downsizing may be just what you need to streamline your life. Just think about it first and make sure this is the right choice for you.